India, Feb. 3 -- The U.S. dollar strengthened against other major currencies in the Asian session on Monday, as investors flock to safe-haven fleets amid the global trade war.
It is feared that a potential trade war could weigh on global economic growth and hit the earnings of major companies.
Investors hurt by weakness in global markets following the Trump administration imposing punitive tariffs on Canada, Mexico and China, and threatening to levy tariffs on the EU and UK as well.
The Trump administration's 25% tariffs on Canada and Mexico came into force on Saturday (February 1). Canadian energy faces a 10% tariff as do Chinese goods, effective Wednesday (February 5).
Investors await the U.S. ISM Manufacturing PMI data for January, d...